Reyal Urbis sells Madrid hotel for EUR 23m

By A staff reporter 2011-01-18T00:00:00

Spanish property company Reyal Urbis has announced the sale of its 83% stake in the Tryp Ambassador hotel in the centre of Madrid for around EUR 23 mln, including nearly EUR 19 mln of net equity. The buyer is Caixa Renting, part of financial group La Caixa.

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